mid term Bearish :: CD Wave in a XABCD Pattern

2014년 7월 12일

Actually the 80% of the market are a CNY market, I'm making my analisys under the Huobi market because I observe this exchange and okcoin are the masters of the other exchanges.

After a bullish market and a XABCD initiating pattern, now probably we have in the last CD segment of the bearish CD wave:

The targets are
1: 3550 CNY ~> $572
2: Fib 76% 3000 CNY ~> $480
3: Fib 100% 2650 CNY ~> $427